Tips & Guide

People Moves: Film Broker Baratta Joins Front Row Insurance in Los Angeles

Front Row Insurance Brokers LLC hired film insurance broker Anthony Baratta to its Los Angeles office. Baratta joins Front Row…

Vermont School District Settles With US Over Racial Harassment Allegations

A Vermont school district’s inadequate response to serious and widespread harassment of Black and biracial students has led to a…

People Moves: AM Best Names Johnson Chief Ratings Officer, Holzberger Chief Operating Officer

AM Best, headquartered in Oldwick, New Jersey, appointed Kenneth J. Johnson as senior managing director and chief ratings officer. Stefan…

Private Hospital Owner Prospect Medical Files for Bankruptcy

Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and…

New Law in New Hampshire Creates Private Right of Action For Victims of Deepfakes

This post is part of a series sponsored by IAT Insurance Group. There’s been no shortage of examples in recent…

The Most Important LA Wildfire Stories to Know About

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of…

Minnesota Judge Orders MyPillow to Pay $778K to Delivery Service DHL

A Minnesota judge has ordered MyPillow to pay nearly $778,000 for unpaid bills and other costs to package delivery service…

Texas AG Files Second Lawsuit Against TikTok Over Explicit Content

Texas Attorney General Ken Paxton on Thursday sued TikTok for the second time in recent months, accusing the social media…

Winter Storm Sweeps US South, Grounding More Than 2,000 Flights

A powerful winter storm sweeping the US South has grounded more than 2,000 flights, halted passenger trains and threatens the…

Re/Insurance Losses From LA Wildfires Expected to Be Significant but Manageable: S&P

Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses…

$1.7B in Block Grants Awarded to North Carolina Governments for Helene Recovery

ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address…

Georgia Lawmakers Gearing Up for New Tort Reform Push

ATLANTA (AP) — After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are…

BlackRock Leaves Major Climate Group Amid Wall Street Exodus

BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for…

Edison Denies LA Wildfire Involvement as Insurers Ask It to Preserve Evidence

Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton…

Europe Warns Airlines on Russia Airspace After Azeri Plane Crash

The European Union Aviation Safety Agency warned airlines to steer clear of several cities in Russia following the fatal crash…

South Korea Jet Crash Puts Fast-Growing Jeju Air’s Safety Under Scrutiny

Before it suffered the deadliest crash in South Korea’s history, budget airline Jeju Air was moving fast: racking up record…

Hottest Year Ever Sees World Breach 1.5C Global Warming Target

Earth’s warming exceeded 1.5C on an annual basis for the first time in 2024, according to two major climate science…

Winter Weather Wallops US Farmers

A nasty dose of winter weather has pummeled much of the U.S. from Kansas to the East Coast, leaving many…

Texas Refineries Prepare for First Winter Storm, Frigid January

Texas refineries are bracing for an onslaught of cold, snow and freezing rain as the US South’s first major winter…

Warner Pacific Completes Acquisition of 5 Acrisure General Agencies

General agency Warner Pacific said it has acquired five general agencies from broker and fintech specialist, Acrisure, effective Dec. 1…

People Moves: AIG Moves Flatt to Global CUO; Tooker Now President at The Hartford; Berkley Financial Names Brinkley Chief of Claims

American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief…

Cal/OSHA Says Safeway Exposed Workers to Hazardous Conditions at Largest Warehouse

The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put…

Collateral Agreement Didn’t Mention Tort Claims, Cutting SUNZ Out of BP Funds

If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify…

Catastrophe Bond Funds Say They’ll Dodge Losses as LA Fires Rage

The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks.…

Meta Knew It Used Pirated Books to Train AI, Authors Say

Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark…

Brain Monitoring: It Could Improve Employee Performance or Worsen Discrimination

Despite all the attention on technologies that reduce the hands-on role of humans at work – such as self-driving vehicles,…

AM Best Upgrades Financial Strength Ratings for Employers Holding Subsidiaries

AM Best has upgraded the Financial Strength Rating (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Excellent) from…

Nevada Division of Insurance Recovered $9.4M in 2024

The Nevada Division of Insurance’s Consumer Services section recovered $9.4 million for Nevada consumers during 2024, the division announced this…

Insurer Upheld in Declining to Defend Employer Against Injured Worker’s Lawsuit

The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an…

Massachusetts to Hike Some Mandatory Auto Insurance Coverage Limits in 2025

Massachusetts Governor Maura Healey recently signed legislation increasing the minimum coverage limits of auto insurance for some mandatory coverages. These…

Insured Losses From Los Angeles Wildfires Rising: $8B to $20B

With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of…

Hub Acquires Connecticut’s Byrnes Agency

Insurance broker Hub International Limited has acquired the assets of Byrnes Agency, Inc. in Connecticut. Terms of the transaction were…

People Moves: GuideOne Insurance Appoints Wei Huang to Board of Directors

GuideOne Insurance, headquartered in West De Moines, Iowa, appointed Wei Huang to its board of directors. Huang, who serves as…

ZestyAI Receives Approval From Missouri Department of Insurance

ZestyAI, a provider of AI-powered climate and property risk analytics solutions, has received regulatory approval from the Missouri Department of…

Green Bay Packers Online Store Hacked, Exposing 8,500 Customers

The Green Bay Packers’ online store was hacked in September and October, the franchise said in a data breach filing…

Texas Farmers Look to New Congress to Update Crucial Farm Bill

Texas farmers tepidly celebrated last month after Congress barely managed to extend a package of laws meant to aid the…

Rare Dallas Snow and Ice Ground Hundreds of Flights Across US

A winter storm that brought snow to Dallas and threatens the US South with ice and sleet has grounded more…

Floods Are Top Risk to Supply Chains in 2025, Everstream Says

Flooding poses the greatest threat to supply chains this year, as warm ocean temperatures fuel more frequent and disruptive storms,…

People Moves: WTW Names Wegbrans as Head of Corporate Risk & Broking Europe; Howden Re Taps Aon’s Nicholson, Lockton Re’s Riley for Aviation and Space Team

This edition of International People Moves details appointments at WTW and Howden Re. A summary of these new hires follows…

EU Bank Regulator Tightens ESG Rules as Climate Risk Grows

Europe’s financial regulator for banks said lenders in the bloc must regularly and comprehensively measure ESG risks, in new guidelines…

Major Florida Citrus Grower to End Operations After Years of Hurricanes and Blight

ORLANDO, Fla. (AP) — A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds…

Florida Grand Jury Finds No Criminal Activity With COVID Vaccine Development

TALLAHASSEE, Fla. (AP) — A statewide grand jury convened at the request of Florida Gov. Ron DeSantis to investigate “any…

Apple Clarifies Siri Privacy Stance After $95M Class Action Settlement

Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it…

Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’

Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion…

Los Angeles Fires Become Existential Test for California’s Stopgap Insurer

The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history,…

Maine Storm Resilience Proposal Includes Insurance Industry-Funded Mitigation Grants

Maine Governor Janet Mills along with House and Senate leaders are championing major legislation to strengthen the ability of local…

Commercial Property Market Stabilizing, With Ample Capacity: USI

The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or…

People Moves: Pennsylvania Lumbermens Names Firko Operating Officer, Promotes 6

Pennsylvania Lumbermens Mutual Insurance Company (PLM), headquartered in Philadelphia, named Steve Firko as executive vice president and chief operating officer…

When EVs Take Off: AM Best Reviews Impact on China Motor Insurance

Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded…

Broker McGill Offers Property War Reinsurance for Ukraine

Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday…

People Moves: Canopius Names CAC’s Burke US Head of Cyber and Technology; Gerber Hired as AXA XL’s Head of Energy Transition, Americas

Canopius, headquartered in Chicago, appointed Laura Burke as U.S. head of cyber and technology. Burke assumes the role after serving…

Viewpoint: It Is Insurers’ Time to Lead a Resilience Revolution

There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions…

More SE States Pushing Funding, Discounts for Stronger Roofs as Storms Increase

A residual property insurer and regulators in two Southeastern states are emphasizing roof integrity, more signs that mitigation and prevention…

Businesses Sue State Over New California Workplace Law

California businesses are suing to halt a new state law that bars them from requiring employees to attend anti-union meetings…

DC Facing String of High-Stakes Security Events Capped by Trump Inauguration

The last time a president was inaugurated, there was a global pandemic and a violent siege at the very spot…

Hub Acquires Woods Insurance Services in New Mexico

Hub International Ltd. has acquired the assets of Woods Insurance Services Inc. in Farmington, New Mexico. Lyle Love, owner and…

Marine Acquitted in Subway Chokehold Case Seeks Dismissal of Suit by Victim’s Father

The former U.S. Marine acquitted last month of criminal charges in the death of a man on a New York…

Oregon’s New Rules for Homeowners Living in Certain High-Risk Wildfire Areas

Oregon homeowners living in certain areas at high risk of wildfire will face stricter building codes and mandates to reduce…

Boosting Insurance Sales Motivation: Tips to Stay Inspired as an Insurance Agent

This post is part of a series sponsored by Darkhorse Insurance. How can you, as an insurance agent, stay motivated…

10 Must-Ask Questions Before You Choose an Agency Management System

This post is part of a series sponsored by EZLynx. Management systems can make or break a new agency. In…

Andrade Leaves Everest Group to Become USAA President and CEO

Juan C. Andrade is USAA’s new president and chief executive officer, said the insurance provider to millions of active military,…

Rising US Auto Insurance Rates Are Disproportionately Hurting Classic Car Owners:

The Meteoric Rise in U.S. Auto Insurance Rates is Being Subsidized by Collector Car Owners According to Classic & Collector…

Bowie Promoted to CEO of MGU Private Client Select Insurance

Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said…

California Wildfires Will Likely Lead to Large Economic and Insured Losses

Active wind-driven wildfires in Southern California that are estimated to have burned more than 1,000 properties and prompted evacuation orders…

Clearcover Expands Non-Standard Auto Coverage to Texas

Digital car insurer Clearcover announced the launch of Clearcover General Agency to serve the non-standard auto insurance market in Texas.…

Berkshire Shareholder Seeks Committee to Oversee AI at Buffett’s Company

A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens…

Tibet Earthquake Kills at Least 126 People, Leaves Many Trapped

A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses,…

People Moves: The Piexus Group Names Fawcett as President

The Plexus Groupe, a national commercial insurance brokerage and consulting firm, announced the appointment of Gerald Fawcett as President. Fawcett…

DOJ: Oklahoma City Police Discriminate Against People With Behavioral Disabilities

Oklahoma City and its police department have discriminated against people with behavioral health disabilities, the U.S. Department of Justice said…

Low-Income Tenants Sue Omaha Housing Authority Over Bed Bug Infestations

A class-action lawsuit filed Monday alleges the Omaha Housing Authority ignored and failed to eliminate bed bug infestations at high-rise…

Winter Storm Heading for Texas Grounds Flights and Menaces Grid

Flight cancellations are already piling up as a winter storm bears down on Texas and the US South, bringing snow…

Symbol Will Indicate When Connected Devices Are Cyber Secure

Consumers may soon be able to buy electronic products with a label indicating they are “cyber secure,” according to US…

Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge

Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400…

Injured While ‘Simply Walking’ Not Covered by Workers’ Compensation

Not all accidents are compensable merely because they happen at work, the Virginia Workers’ Compensation Commission (WCC) reminded in denying…

ALKEME Conjures Another Acquisition with Georgia’s Professional Benefits Consultants

California-headquartered ALKEME, ranked as one of largest U.S. insurance brokerages, has continued its growth spurt with the recent acquisition of…

Alabama Now Requiring Quarterly Reports From Surplus Lines Brokers

Starting this spring, surplus lines brokers in Alabama must file quarterly reports showing all surplus lines transactions, the state Department…

Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions

Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions,…

Thousands Flee From Uncontrolled Wildfires Burning Near Los Angeles

Millions of people in California face at least two more days of dry, hot winds that have fanned fires across…

Deep Vector Closes $1.5M Round Co-Led by Aperture and InsurTech NY

Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 million, co-led by…

Lawsuit Alleges Fox Sports Ex-Host Harassed Hairstylist, Offered $1.5M for Sex

A woman who worked as a hairstylist for Fox Sports alleges in a lawsuit that former host Skip Bayless made…

Virginia’s Andrew Agency Acquires Richmond Insurance Agency

The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. Founded in 1963, GLM Insurance is a third-generation…

South Korea Reviews Airport Runway Walls After Fatal Jeju Crash

South Korea plans to review the concrete walls positioned just beyond the end of some airport runways after an aircraft…

Israel Cyber Firms Raise $4 Billion in 2024 on Surge of Cloud, AI Security Needs

Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect…

Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says

Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea…

Artificial Intelligence Energy Demand Is Driving Climate Tech Investing

Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the…

US Insurance Deals Outlook: More, More, More

In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024,…

JetBlue Stowaway Deaths Probed After Florida Flight From New York

Local law enforcement officials in Fort Lauderdale are investigating the deaths of two individuals found in the landing gear compartment…

Mercury to Return to Paradise California as Rebuilding Efforts Gain Momentum

Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise,…

People Moves: Baum to Succeed Swedlow as President of CWCI

The board of directors of the California Workers’ Compensation Institute named the institute’s chief operating officer, Gideon L. Baum, as…

MLB Players Affiliate Withdraws Image Lawsuit Against Pirates’ Parent Company

An affiliate of the Major League Baseball Players Association withdrew its lawsuit against the parent company of the Pittsburgh Pirates…

Agency Network Renaissance Acquires Consolidated Insurance Agents in Buffalo

Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA),…

How Will Your Insurance Organization Handle These 2025 Predictions?

This post is part of a series sponsored by AgentSync. Another year has come and gone. How’d your organization fare…

Exxon Sues California AG, Environmental Groups Over ‘Smear’

Exxon Mobil Corp. filed a lawsuit alleging that California Attorney General Rob Bonta and several environmental groups made defamatory comments…

Winter Storm Brings Heaviest Snowfall in a Decade to Central U.S.

A blast of snow, ice, wind and plunging temperatures stirred up dangerous travel conditions in parts of the central U.S…

Texas Snow Threatens to Unleash Blackouts and Travel Chaos

A winter storm is poised to pummel Texas and the US South later this week, putting the region at risk…

Musk’s Massive Tesla Lithium Plant Hunts for Water in Drought-Hit Texas

Twenty miles outside Corpus Christi, Texas — an area so dry the local water company distributes shower timers at high…

AM Best Removes Negative Implications on Oklahoma’s Sutton National

AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the…

After Nautilus Insurance Wins Civil Suit vs. Murdaugh, Trial Starts for His Conspirator

Just days after convicted murderer Alex Murdaugh was ordered to pay almost $15 million to Nautilus Insurance Co., his friend…

Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers

Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted…

Earthquakes and Blowouts Undermine Case for Carbon Storage in Texas

Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the…